Wednesday, April 28, Market Recap

Good Evening,

Today, April 28…

The DJIA fell 0.48%
The S&P 500 was down 0.05%
The Nasdaq Composite slipped 0.30%

Tech led the market today.

General Market Review

Financials

The Fed decided to leave the rate unchanged. The Fed reserve believes the economy has a long way to go until it achieves inflation and labor goals. Bond yields went down today.

Tech

Alphabet reported first quarter earnings for 2021 and topped on both top and bottom. Ad revenue from YouTube rise by 49% and Google Cloud revenue grew 46% over the year. Alphabet added 3%. Microsoft fell 3% after reporting positive earnings. Analysts raised the company price target to $310.

Industrials

Boeing fell 3% after reporting narrower-than-expected results for first quarter. Due to the impact of the pandemic, investors are concerned about aviation demand and its outlook.

Charts by TradingView